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U.S. and France Agree on Terms of French “Digital Tax” on Tech Giants

HeadlineAug 27, 2019

The U.S. and France have reached a compromise on a new French digital services tax that targets internet giants like Google, Amazon, Facebook and Apple. Under the deal, France would repay those companies the difference between its digital tax and taxes levied under an upcoming mechanism set by the Organization for Economic Cooperation and Development. French President Emmanuel Macron said that France will eliminate the 3% tax as soon as an international agreement on digital taxation is reached.

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